Strength In The Retail Sector Could Forecast Higher Prices For This Fund

[ETF Daily News]( June 21st, 2023 SPONSORED AD [He's got a higher win rate than Buffett, Icahn, and Cuban...]( For nearly a decade now, he's been helping investors navigate any curveball the market decides to throw at us... In fact, with his simple system... he's not just surviving this market... he's thriving in it. In fact, he hasn't closed out a single losing trade all year! [Want the full story? Click here]( [Strength In The Retail Sector Could Forecast Higher Prices For This Fund]( If you’re on the bull side of the market, which most of us are at this point, after all we are in a bull market, then you are probably looking forward to a big move after this period of slight pull back. That is the thought process we have anyway. Our view, the market is currently taking a little breather before another leg higher. If that is truly the case, now is a good time to start looking for ways to position ourselves to the upside. Given that is our view, we believe we have pinpointed a good area of the market to eye for an entry, the retail sector. SPDR S&P Retail ETF (XRT) As the retail shopper still holds on to their strength even despite inflation, the sector seems to be holding up well also. Lucky for traders, the XRT is sitting at a support level of right around that 60 area. If the market can find some strength, then we would like to see a strong move off this level. A break below this level would likely just postpone this trade by a week or so, given June is not the most bullish time of year, however… Watch the full video at [WEALTHPOP.com]( Copyright © 2023 StockNews.com | All Rights Reserved [Unsubscribe]( [Privacy Policy]( [Terms & Conditions]( Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10119